Belrise Industries IPO Opens May 21: Check Price Band, GMP, Subscription Dates; Should You Invest?

Belrise Industries, a leading automotive component manufacturer is looking forward to the launch its Initial Public Offering next week. The company's IPO will be a completely fresh issue of 23.89 crore equity shares, aiming to raise approximately Rs. 2,150 crore from the primary market. The IPO subscription window will remain open from May 21st until May 23rd, with allotment likely to take place on May 26. After that, the Belrise IPO will hit the stock exchanges on May 28 and will be listed on both Bombay Stock Exchange and National Stock Exchange.

Belrise Industries IPO Price Band and Lot Size

The Belrise Industries IPO has a price band set between Rs. 85 to Rs. 90 per share as per Chittorgarh website. For retail investors, the minimum application size is 1 lot, which includes 166 shares. If someone applies at the lower end of the price band, i.e. Rs. 85 per share, the total investment required will be Rs. 14,110. However, since IPOs often receive high demand, it's safer to apply at the cutoff price of Rs. 90 per share to avoid missing out. At this price, the minimum investment comes to around Rs. 14,940.

For larger investors, there are different requirements. Small non-institutional investors (sNII) must apply for at least 14 lots, which is equal to 2,324 shares, costing approximately Rs. 2.09 lac. Meanwhile, big non-institutional investors (bNII) need to apply for a minimum of 67 lots, or 11,122 shares, which would amount to a total investment of around Rs. 10lacs

Latest Belrise IPO GMP

As of May 16, the Grey Market Premium (GMP) for the Belrise Industries IPO is Rs. 0, according to the latest update from InvestorGain website at 7:30 AM. This means that there is currently no premium being paid in the grey market over the issue price.
Since the IPO price band is set at Rs. 85 to Rs. 90 per share, the expected listing price, based on today's GMP, is likely to be around Rs. 90, which is the upper cap of the price band. The Belrise IPO GMP gives a rough idea of possible listing gains but these GMP numbers often change as the IPO opening date approaches,

Belrise Industries IPO Lead Managers and Registrar

The IPO is being led by top investment banks and capital market firms. The book running lead managers (BRLMs) for the Belrise IPO are Axis Capital Limited, HSBC Securities & Capital Markets (India) Pvt Ltd, Jefferies India Pvt Ltd, and SBI Capital Markets Ltd.

Should You Subscribe to the Belrise IPO?

Belrise Industries makes a wide range of auto parts and has been in the business for many years. Because of this, the company looks promising for people who want to invest for the long term, especially in the automobile sector.

However, before putting in your money, it's a good idea to go through the company's IPO document (called the Red Herring Prospectus or RHP) to understand its business, risks, and future plans.

About Belrise Industries Ltd

Belrise Industries Ltd, formerly known as Badve Engineering, was incorporated in 1988. The company mainly operates in the Indian automotive component manufacturing space, where it specialises in automotive sheet metal, polymer parts, suspension systems, mirror assemblies, and engineered castings.